House GOP objects to spending in $150 billion stimulus package

Measures being considered would help states with budgets, pay for infrastructure Top House Republican says measures will not create long-term growth Republicans call for cuts to capital gains, insurance for inter-bank loans WASHINGTON (CNN) -- House Republicans on Monday objected to new spending measures that congressional Democrats are considering as they draft a $150 billion economic stimulus package. House Speaker Nancy Pelosi met with Nobel prize winner Joseph Stiglitz and other economic experts Monday. In a letter to House Speaker Nancy Pelosi, Ohio Rep. John Boehner, the top Republican in the House, called the proposed spending "an irresponsible, business-as-usual approach that has earned this Congress the lowest approval ratings ever recorded." A Democratic leadership aide said the stimulus package Democrats were... [read full story]